New Delhi, May 22 -- Jim Irsay, the owner of the Indianapolis Colts, who capitalised on Peyton Manning's success in securing a new stadium and helping the team win a Super Bowl championship, passed away on Wednesday at the age of 65.

Pete Ward, Irsay's longtime right-hand man and the team's chief operating officer, announced in a statement from the team. He said Irsay died peacefully in his sleep.

"Jim's dedication and passion for the Indianapolis Colts in addition to his generosity, commitment to the community, and most importantly, his love for his family were unsurpassed," Ward said. "Our deepest sympathies go to his daughters, Carlie Irsay-Gordon, Casey Foyt, Kalen Jackson, and his entire family as we grieve with them."

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